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An entrepreneur buys some frying pans. Each one costs $12\$12 and resells online for $36\$36. What is the mark-up, as a percentage?\newlineWrite your answer using a percent sign (%).\newline_____

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Q. An entrepreneur buys some frying pans. Each one costs $12\$12 and resells online for $36\$36. What is the mark-up, as a percentage?\newlineWrite your answer using a percent sign (%).\newline_____
  1. Calculate Difference: Step 11: Calculate the difference between the selling price and the cost price.\newline$36−$12=$24\$36 - \$12 = \$24\newlineThe mark-up in dollars is $24\$24.
  2. Calculate Mark-up Percentage: Step 22: Calculate the mark-up percentage.\newlineMark-up percentage = ($24/$12)∗100%(\$24 / \$12) * 100\%\newline= 2∗100%2 * 100\%\newline= 200%200\%\newlineThe mark-up percentage is 200%200\%.

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